CARIMIN PETROLEUM BERHAD

Malaysia | 5257.KL | Main

By Sustify.world AI model | 2025-05-24

Carimin Petroleum Berhad, an investment holding company, provides technical and engineering support services for upstream oil and gas companies in Malaysia. The company operates through Manpower Services; Construction, Offshore Hook Up and Commissioning and Topside Major Maintenance; Marine Services; Civil Construction; and Others segments. It offers offshore hook up and commissioning on production platforms comprising final installation, testing, and commissioning of the facilities structures machinery and equipment; marine spread charter and maintenance, offshore transportation, and support vessel services; engineering procurement, structural/piping fabrication, electrical/instrumentation installation, construction, upgrading, and commissioning services. In addition, the company deploys work barges, accommodation vessels, fast crew boats, and anchor handling tug supply vessels; maintenance, hook-up, and commissioning of onshore/offshore facilities including sub-sea underwater inspections, repair, maintenance works, and services of oil and gas sectors. Further, it offers manpower supply services; equipment rental services; and manages fabrication yards; and provides project management and chartering of offshore support vessel services; and engages in general contracting work and geosynthetic engineering services. Additionally, the company engages in civil contracting and geotechnical engineering related business. Carimin Petroleum Berhad was incorporated in 1989 and is headquartered in Kuala Lumpur, Malaysia.

Reference

Report Year: 2024
Source Files: Carimin_Petroleum_Berhad_-_Annual_Report_2024_(Part_2).pdf

Sustainability Committee

Sustainability Committee (Unknown pax) 🟢

Sets targets & monitors 🟢
Aligns strategy 🟢

Reporting

TCFD, Integrated Report 🟢

GHG Accounting

CARIMIN PETROLEUM BERHAD's GHG accounting in 2024 lacks detailed disclosure. No data is provided on Scope 1, 2, or 3 emissions, base year, boundary, or inventory, which hinders a comprehensive assessment of their carbon footprint. The report mentions alignment with TCFD guidelines but notes a need for time to adjust internal processes for accurate disclosures. Strengths are absent due to missing quantifiable metrics. Improvements needed include establishing a clear GHG inventory, adopting a recognized standard like GHG Protocol, and pursuing third-party verification to enhance credibility. Without specific data, stakeholders cannot gauge the company's environmental impact or progress toward sustainability goals.

Emissions

Scope	Value	Note
Scope1	Not reported ⚠️	No data on Scope 1 emissions provided.
Scope2	Not reported ⚠️	No data on Scope 2 emissions provided.
Scope3	Not reported ⚠️	No data on Scope 3 emissions provided.
Biogenic emissions	Not applicable →	No biomass or biofuel usage reported.

Other Details

Base year: Not specified ⚠️
Boundary inventory: Not specified ⚠️
Gwp basis: Not specified ⚠️
Standard: Not specified ⚠️
Carbon intensity: Not reported ⚠️

Efforts

Conservation programs planned 🟢
Energy-efficient tech 🌞
Cleaner energy transition 🌱

Social Highlights

Health & Safety focus 🟢
Community engagement 🥗
Limited data available ⚠️
Limited data available ⚠️
Limited data available ⚠️

Governance

Salary disclosure: Can’t find ⚠️
Litigation: Can’t find ⚠️

Report Quality

Room for Improvement in CARIMIN PETROLEUM BERHAD’s 2024 sustainability report ⚠️. While the report outlines a governance structure and alignment with the TCFD framework 🟢, it lacks quantifiable actions and measurable outcomes for key areas like GHG emissions, waste reduction, and social impact. Statements such as 'committed to sustainability' remain generic without supporting data or evidence. There are no specific forward-looking commitments with timelines, such as net-zero targets. The report could benefit from detailed metrics on emissions, third-party verification, and clearer social impact numbers. Incorporating specific goals and progress tracking would enhance transparency and stakeholder trust. Overall, the report provides a foundation but needs deeper substance to demonstrate real sustainability impact.

Tags:

Energy

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This is AI model generated summary based on certain rules set by Sustify.world perspective. If the reader finds the information is incorrect, they can always approach us by sending email admin@sustify.world.

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